Generic Sevco / Rangers meltdown thread

[LancashireHibby]

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Taking your figures, an extra 3600 twice a season would give them 7200 extra tickets. Looking at a few teams' web sites (Clyde, Annan, Stirling Albion) they seem to charge a tenner (£9 in Annan's case) for adult entry.

So assuming Sevco fill the stadia with adults (in reality it's likely to be a mix of adults and consessions), they get an extra £72,000 in the one season. Is that a major windfall to those clubs? Agree it's a figure not to be sniffed at, but I don't think it's a deal maker.

As opposed to the usual scenario where the wee teams get a share of the Ibrox gate in a Scottish Cup match, it'd be more like 20,000 tickets at £20 a head (I would imagine) = £400,000.

Taking into account extra policing costs, I'm not sure that it is as much of a sweetener as some people are making out.

(Please note all figures were worked out on the back of a fag packet, and I don't even smoke!)

I would suggest it's a big windfall indeed. There is precedent of concessions being abolished for such games to help cover costs, and the publicity in the local area would be great for those involved. In all honesty I'm cheating a little as I've been involved in non-league (both in the Conference and below) where games have been played against the likes of Carlisle, FC United and more recently Chester where the cash generated paid the bills for a number of months, something that isn't to be taken for granted. Yes, the policing costs were much less but even those aren't too big an issue as long as the SFA helps clubs to negotiate with the police to keep costs down.

[Scooter]

Someone at work has just said that the newco is in trouble and the administrators might be called? I've not got a clue but can this actually happen?

[LancashireHibby]

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Someone at work has just said that the newco is in trouble and the administrators might be called? I've not got a clue but can this actually happen?

I don't see how they could have built up any debts yet for administrators to be called in? That said, they've no income streams either...?

[CropleyWasGod]

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Someone at work has just said that the newco is in trouble and the administrators might be called? I've not got a clue but can this actually happen?

Can't see it myself. The only people they will owe money to at the moment would be RFC for the £5.5m. They would sue Sevco before going down the administration route.

However, more twists and turns in this saga than Jinky Johnstone.....

[HFC 0-7]

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Someone at work has just said that the newco is in trouble and the administrators might be called? I've not got a clue but can this actually happen?

Doubt it, they will have bills to pay, if they actually own Murray park and ibrox there will be utiliy bills to pay but I doubt they would have had time to rack up a debt. They will have salaries to pay shortly which will mean they will have an outgoing to HMRC!

Sevco 5088 could have racked up bills elsewhere I suppose, not sure when that company was set up though.

[ScottB]

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I don't see how they could have built up any debts yet for administrators to be called in? That said, they've no income streams either...?

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Can't see it myself. The only people they will owe money to at the moment would be RFC for the £5.5m. They would sue Sevco before going down the administration route.

However, more twists and turns in this saga than Jinky Johnstone.....

Well it is wages day on Thursday for them and it's arguable as to where they will find the money to pay that. And of course no doubt the Revenue will take a dim view if anything due fails to come their way...

Other outstanding bills for the upkeep up of the stadium / training ground?

[Seveno]

If there is a vote amongst the SFL clubs to admit Newco to Div 1, then I can't see them getting anywhere near the required number of votes.

Div 1 clubs will be less likely to get the promotion spot whilst 2&3 would miss out on big paydays due from a visit by the Newco Hun. There would have to be a lot of money coming down from the SPL and they will not want to lose any more.

It really is about time they gave up and just applied for SFL3.

[CropleyWasGod]

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Well it is wages day on Thursday for them and it's arguable as to where they will find the money to pay that. And of course no doubt the Revenue will take a dim view if anything due fails to come their way...

Other outstanding bills for the upkeep up of the stadium / training ground?

Who do they have wages to pay for, though? Arguably, only Lee Wallace, and he has only been with them a few days.

[Hibernia&Alba]

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im actually starting to think that they will apply to the english leagues, Starting at league two must be worth more cash that even the first division. I remember reading that celtic were thinking about this a while back.

The Old Firm have been trying to joing the English leagues for years but have consistently been told they aren't wanted, and that was when Rangers was a viable club. They would have to join the non-league set up, a demotion so deep they might never recover, and so isn't worth risking.

[ScottB]

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Who do they have wages to pay for, though? Arguably, only Lee Wallace, and he has only been with them a few days.

Even if the Oldco still has most of the players, didn't Green agree to fund the ongoing costs? If the money to pay those players isn't to come from Sevco, where would it? Especially if he is trying to keep these guys, he must be planning on paying them?

[ancienthibby]

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Even if the Oldco still has most of the players, didn't Green agree to fund the ongoing costs? If the money to pay those players isn't to come from Sevco, where would it? Especially if he is trying to keep these guys, he must be planning on paying them?

Doubt that very much - so much of the 'Yorkie Bar man's' plans have been jettisoned already, he has no credence whatsoever in being able to pay anyone anything!!

If his 'team' ever get into the Third Division, then credit terms from Annan to Peterhead and beyond will become wonderfully unavailable!

[Caversham Green]

I can't see Sevco going into administration as there's no hope of rescuing a company that hasn't even started trading yet - if they are unable to pay their bills it would be straight into liquidation IMO.

As to the the employment contracts, if they haven't passed over to Sevco, they should have. Ranger FC (IA for the moment soon to be DEID) are not trading and should not be incurring extra unnecessary costs. I think any employees that haven't objected would be automatically transferred over, but that's why there's a 90 day consultation period which Sevco seem to have just ignored. It may be that the transfer is scheduled to take place at the end of this month.

Incidentally, Sevco 5088 is one of many Sevcos registered at Companies House a bit like Ticketus. Sevco 5088's registered office is in London, but there's also a Sevco Scotland Limited registered at Ibrox Stadium, Glasgow. Could that be where the properties have gone?

[Gingertosser]

I can see them being suspended for 1 year and then starting in 3rd Division.

SFA will play some Scotland games & semi finals at Ibroke to keep the lights on for the season.

[CropleyWasGod]

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I can't see Sevco going into administration as there's no hope of rescuing a company that hasn't even started trading yet - if they are unable to pay their bills it would be straight into liquidation IMO.

As to the the employment contracts, if they haven't passed over to Sevco, they should have. Ranger FC (IA for the moment soon to be DEID) are not trading and should not be incurring extra unnecessary costs. I think any employees that haven't objected would be automatically transferred over, but that's why there's a 90 day consultation period which Sevco seem to have just ignored. It may be that the transfer is scheduled to take place at the end of this month.

Incidentally, Sevco 5088 is one of many Sevcos registered at Companies House a bit like Ticketus. Sevco 5088's registered office is in London, but there's also a Sevco Scotland Limited registered at Ibrox Stadium, Glasgow. Could that be where the properties have gone?

I have a vision of the wee cartoon Clouseau shuffling round Govan looking for a fitba' park.

[Caversham Green]

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I have a vision of the wee cartoon Clouseau shuffling round Govan looking for a fitba' park.

Most managers only lose the dressing room.....

[down-the-slope]

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I can't see Sevco going into administration as there's no hope of rescuing a company that hasn't even started trading yet - if they are unable to pay their bills it would be straight into liquidation IMO.

As to the the employment contracts, if they haven't passed over to Sevco, they should have. Ranger FC (IA for the moment soon to be DEID) are not trading and should not be incurring extra unnecessary costs. I think any employees that haven't objected would be automatically transferred over, but that's why there's a 90 day consultation period which Sevco seem to have just ignored. It may be that the transfer is scheduled to take place at the end of this month.

Incidentally, Sevco 5088 is one of many Sevcos registered at Companies House a bit like Ticketus. Sevco 5088's registered office is in London, but there's also a Sevco Scotland Limited registered at Ibrox Stadium, Glasgow. Could that be where the properties have gone?

Ohh now that is an interesting tit bit....talking of mammaries...if Sevco 5088 go mammaries up due to no income / player wages etc etc...this could be the way Green is screening his investment...will scupper him if Broxy Sevco was in fact looking to 'rent' to Sevco 5088 to service the purchase £5.5 million ....

Much more to give yet from this...certainly enough to fill the close season anyway

[--------]

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Worth bearing in mind that should any kind of 'Rangers' be playing anywhere in Scottish football next season, come Scottish Cup draw time the traditional heated ping-pong balls are going to be back in service, but to achieve entirely the opposite objective...

I was always told they put them in the fridge ...

[snooky]

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I believe the Newco had the option of requesting a secret ballot but haven't asked for it yet I don't think? Also, With the number of teams who have voted No we know what the result should be so if it suddenly changed there would be a LOT of angry fans demanding to know who stabbed them in the back.

That word "integrity" again.
How could the clubs say they put integrity in front of finance and then act integrously?
A double whammy if they do.

[s.a.m]

David Roberts‏@thesportslawguyDirectors of SPL clubs could be in breach of thier statutory duties by voting #Rangers Newco out of the SPL.




How?

[CropleyWasGod]

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David Roberts‏@thesportslawguyDirectors of SPL clubs could be in breach of thier statutory duties by voting #Rangers Newco out of the SPL.




How?

By putting the finances, and hence the future, of their clubs at risk?

[Saorsa]

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By putting the finances, and hence the future, of their clubs at risk?

They'd have been doing that by voting yes and having large numbers of their fans walking away. They had a choice, they made the correct decision.

[hibbybrian]

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David Roberts‏@thesportslawguyDirectors of SPL clubs could be in breach of thier statutory duties by voting #Rangers Newco out of the SPL.

How?

How are they voting "newco" out of the SPL when "newco" are not in the SPL ?

[blackpoolhibs]

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David Roberts‏@thesportslawguyDirectors of SPL clubs could be in breach of thier statutory duties by voting #Rangers Newco out of the SPL.




How?

http://www.discogs.com/Marillion-Clu...s/master/16128

[BarneyK]

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David Roberts‏@thesportslawguyDirectors of SPL clubs could be in breach of thier statutory duties by voting #Rangers Newco out of the SPL.




How?

Deary me, that is desperate.

[Caversham Green]

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David Roberts‏@thesportslawguyDirectors of SPL clubs could be in breach of thier statutory duties by voting #Rangers Newco out of the SPL.




How?

Absolute pish.

Directors have a statutory duty to act in the best interests of the company. Not allowing Newco in to the SPL (as opposed to voting them out) will probably lose their companies some money in the short-term but voting them in will alienate their customer base and could fatally damage their company's long-term prospects. If a club was profit-oriented then there could conceivably be an argument (but still not a good one), but there would be no such thing as a Scottish football league if profit was the motive.

In any case, the complaint of directors in breach of their statutory duties can only come from the shareholders - there is not a club in Scotland other than Sevco 5088 (if they can be called a club) where the shareholders would raise such a complaint.

An irresponsible comment from a halfwit.

[Saorsa]

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Absolute pish.

Directors have a statutory duty to act in the best interests of the company. Not allowing Newco in to the SPL (as opposed to voting them out) will probably lose their companies some money in the short-term but voting them in will alienate their customer base and could fatally damage their company's long-term prospects. If a club was profit-oriented then there could conceivably be an argument (but still not a good one), but there would be no such thing as a Scottish football league if profit was the motive.

In any case, the complaint of directors in breach of their statutory duties can only come from the shareholders - there is not a club in Scotland other than Sevco 5088 (if they can be called a club) where the shareholders would raise such a complaint.

An irresponsible comment from a halfwit.

[Dashing Bob S]

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Absolute pish.

Directors have a statutory duty to act in the best interests of the company. Not allowing Newco in to the SPL (as opposed to voting them out) will probably lose their companies some money in the short-term but voting them in will alienate their customer base and could fatally damage their company's long-term prospects. If a club was profit-oriented then there could conceivably be an argument (but still not a good one), but there would be no such thing as a Scottish football league if profit was the motive.

In any case, the complaint of directors in breach of their statutory duties can only come from the shareholders - there is not a club in Scotland other than Sevco 5088 (if they can be called a club) where the shareholders would raise such a complaint.

An irresponsible comment from a halfwit.

We can expect more of the same from Hun apologists over the coming months. We've had it for decades, after all. The sea change is that nobody is doing anything whatsoever other than laughing in disdain at this sort of pathetic nonsense.

[green glory]

https://twitter.com/bbcallamont/stat...92749879709696

RFC in full self-destruct mode.

[snooky]

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Not sure if it's been mentioned here yet. There's over on pieandbovril that Chick Dung's contract hasn't been renewed with the BBC. Probably due to the fact he's made an Emily Blunt of the whole sorry/ funny Rangers saga...................

Let's hope Jim TRanger followfollows his china Chic.

[Baba O'riley]

Is this still planned? Not sure what the interest would be in a demo against "No to Newco", now that 6 clubs have said they will vote no. Would be good to keep momentum going to ensure Newco do end up in the 3rd though, and not in the first...but is that more for the SFL teams to decide now? Are SFL clubs even getting involved in this?